Homebuyer education programs help build better borrowers by preparing them for the homebuying process. Some loan programs require homebuyer education. If you are a borrower, consult with your lender to make sure you fulfill your homebuyer education requirements with an approved program. Lenders, make sure you understand your investors' homebuyer education requirements.
Check out our NO-FEE, online homebuyer education program on Readynest by MGIC. Readynest provides convenient, easy-to-understand, no-cost tutorials that break down the homebuying process in English and Spanish.
Please note: MGIC's homebuyer education program does not meet requirements for all loan programs. While our certificate meets requirements for Freddie Mac, it is not HUD-approved and does not fulfill requirements for Fannie Mae. Consult with your lender to make sure you fulfill your homebuyer education requirements with an approved program.
Learn more about our NO-FEE homebuyer education program. Please note: While our certificate meets requirements for Freddie Mac's Home Possible program, it is not HUD-approved and does not fulfill requirements for Fannie Mae's HomeReady or HFA Preferred programs. If your HFA Preferred loan requires homebuyer education, check with your Housing Finance Agency for guidance.
Our homebuyer education program on Readynest provides convenient, easy-to-understand, no-cost tutorials that break down the home-buying process, including understanding credit, budgeting, getting a mortgage and being a successful homeowner.
- No fee for you or your customers
- Takes approximately 60 minutes to study for and complete the test
- Available in English and Spanish at https://readynest.com/homebuyer-resources/the-test
Learn how our homebuyer education program can connect you with more potential homebuyers.
For more ways to connect with and help educate homebuyers, check out all of our educational offerings.
HomeReady® is a Fannie Mae trademark.